Jump Financial LLC Sells 51,275 Shares of Sealed Air Co. (NYSE:SEE)

Jump Financial LLC lowered its holdings in Sealed Air Co. (NYSE:SEE - Free Report) by 61.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 32,572 shares of the industrial products company's stock after selling 51,275 shares during the quarter. Jump Financial LLC's holdings in Sealed Air were worth $1,102,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Sealed Air by 17.7% during the 4th quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock valued at $620,117,000 after purchasing an additional 2,754,395 shares during the period. Invesco Ltd. boosted its stake in shares of Sealed Air by 69.2% during the 4th quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company's stock valued at $128,176,000 after purchasing an additional 1,549,184 shares in the last quarter. Swedbank AB raised its stake in Sealed Air by 57.3% in the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company's stock worth $78,678,000 after buying an additional 846,882 shares in the last quarter. Victory Capital Management Inc. raised its stake in Sealed Air by 84.0% in the fourth quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company's stock worth $68,182,000 after buying an additional 920,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Sealed Air by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,646,933 shares of the industrial products company's stock valued at $55,716,000 after acquiring an additional 32,976 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley decreased their target price on Sealed Air from $39.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Citigroup lowered their price objective on Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Truist Financial reduced their target price on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday. Wells Fargo & Company lifted their price target on shares of Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group set a $36.00 target price on shares of Sealed Air in a research note on Tuesday, March 4th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sealed Air has a consensus rating of "Moderate Buy" and an average target price of $38.00.

Insiders Place Their Bets

In related news, Director Henry R. Keizer acquired 1,120 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $30.00 per share, with a total value of $33,600.00. Following the acquisition, the director now directly owns 35,000 shares of the company's stock, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.

Sealed Air Stock Performance

Sealed Air stock traded down $0.16 during midday trading on Friday, hitting $27.62. The stock had a trading volume of 1,928,272 shares, compared to its average volume of 1,542,073. Sealed Air Co. has a 52-week low of $22.78 and a 52-week high of $41.14. The company has a market capitalization of $4.03 billion, a PE ratio of 10.15 and a beta of 1.35. The firm's fifty day moving average is $29.05 and its two-hundred day moving average is $33.08. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same period in the prior year, the company posted $0.88 earnings per share. The company's revenue for the quarter was down .4% compared to the same quarter last year. On average, research analysts forecast that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.90%. Sealed Air's dividend payout ratio is presently 44.20%.

About Sealed Air

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.